Budget Analyst
About The Position
The Budget Analyst supports O&M and/or capital budgeting, forecasting, re-projections, variance and ad hoc reporting and analysis, and the improvement requisition process for assigned business units, corporate groups, operating companies, or AEP Consolidated. The role provides support for related planning, budgeting, and reporting applications, as well as billing and allocation processes. The posting also describes a Budget Analyst Senior level with broader responsibilities, including meaningful analysis of variance drivers, assistance with regulatory proceedings and financial models, and higher experience requirements.
Requirements
- Budget Analyst: Bachelor's degree in Business, Accounting, Finance, or Engineering and 1 year of relevant experience; or an associate degree in one of these fields and at least 3 years of relevant experience.
- Budget Analyst Senior: Bachelor's degree in Business, Accounting, Finance, or Engineering and at least 4 years of relevant experience; or an associate degree in one of these fields and at least 6 years of relevant experience.
Nice To Haves
- Prior experience in a functional business unit such as Generation, Transmission, or Distribution; Corporate Finance; Operating Company finance; or an engineering-related field.
- Knowledge or use of UI Budgets, PeopleSoft, Microsoft Office, and Business Objects relational database reporting.
- Familiarity with AEP accounting and Chartfields.
- Communication, teamwork, initiative, adaptability/flexibility, client focus, creativity, planning/organizing, and understanding the business and competition.
Responsibilities
- Support planning and budgeting for O&M and/or capital resource allocation, including long-range forecasts, detailed budgets, re-projections, and contingency plans.
- Prepare monthly and quarterly variance reports; for the senior level, provide meaningful analysis of variance drivers.
- Prepare ad hoc reports to support analysis.
- Support decisions affecting O&M activities, capital investment, customer service levels, and profitability objectives.
- Assist with routing and approval of Improvement Requisitions and ensure Authorization Policy and IR Procedures are followed.
- Develop and improve standardized processes for budgeting, forecasting, reporting, and improvement requisitions.
- Perform special studies, analysis, investigations, and other assignments as required.
- Assist with regulatory and other data requests; at the senior level, support financial matters in regulatory proceedings, including data requests, revenue requirements, and Commission studies.
- At the senior level, support financial model issues and work with Financial Forecasting and the OPCO/BU(s) to resolve potential issues.
Benefits
- A competitive compensation package.
- A comprehensive benefits package intended to support employee well-being.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
Associate degree
